Wills, Trusts, & Estate Planning

Read Business Organization updates, alerts, news, and legal analysis from leading lawyers and law firms:

News & Analysis as of May 18, 2013

The trustee is not relieved of the duty to defend the trust just because the beneficiary happens to be getting divorced.

by Charles E. Rounds, Jr. on 9/1/2012

The trustee's primary allegiance is to the beneficiary, not to the non-beneficiary spouse or ex-spouse, unless the express terms of the trust provide otherwise. Thus, when there is marital discord, the trustee must suppress...more

Further thoughts on the Fundy Settlement decision: Supreme Court offers a nuanced view of trust residence

by Dentons on 4/13/2012

In Garron Family Trust v. The Queen (2009 TCC 450), Justice Judith Woods of the Tax Court of Canada came down with a very broad new rule for determining the residence of trusts. [162] I conclude, then, that the...more

Supreme Court of Canada Decides on Trust Tax Residency

by Osler, Hoskin & Harcourt LLP on 4/13/2012

The Supreme Court of Canada dismissed the taxpayers’ appeal in Fundy Settlement (also known as Garron or St. Michael Trust Corp.), deciding on April 12, 2012 that the relevant trusts were resident in Canada rather than...more

Estate of Badii ex rel. Badii v. Metropolitan Hospice, Inc., C.A. No. 6192-VCP (Del. Ch. Mar. 12, 2012) (Parsons, V.C.)

by Potter Anderson & Corroon LLP on 3/19/2012

In this memorandum opinion, the Court of Chancery appointed a receiver for an insolvent corporation deadlocked over how to discharge a tax lien. Defendant Metropolitan Hospice, Inc. (“MHI”), a closely held corporation,...more

Mofo New York Tax Insights -- Volume 2, Issue 12

by Morrison & Foerster LLP on 12/6/2011

In This Issue: New York Audit Software Subject to Freedom of Information Law Disclosure; Payments for Telephone Number “Porting” Services Not Subject to Sales Tax; Failure to Serve Notice on Representative Tolls Time...more

Supreme Court Of Canada To Hear Indalex Appeal

by Osler, Hoskin & Harcourt LLP on 12/2/2011

The Supreme Court of Canada has granted leave to appeal the decision of the Ontario Court of Appeal in Re Indalex. In its April 2011 ruling, the Court of Appeal held that the entire amount an employer is required to...more

Corporate and Financial Weekly Digest - October 21, 2011

by Katten Muchin Rosenman LLP on 11/22/2011

In this issue; - ISS Publishes Proposed Changes to Proxy Voting Policies - SEC’s Division of Corporation Finance Issues Bulletin Regarding Legal and Tax Opinions - Derivatives Clearing Organization General...more

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